Are California Insurance Giants Playing Fair? Homeowners Say No, and They’re Suing

Insurance news 1

California Lawsuit – Short Insurance News Update

California homeowners are turning to the courts in a fight over what they say is more than just insurance policies gone awry. Two separate lawsuits accuse major insurers like State Farm, Farmers, and others of colluding to push policyholders onto California’s FAIR Plan, a last-resort insurance pool that delivers bare-bones coverage at premium prices.

Here’s the crux of the argument. The lawsuits, filed in Los Angeles County, allege that insurers deliberately scaled back coverage and dropped customers in wildfire-prone areas. The FAIR Plan, designed to be a safety net for those struggling to secure policies from private insurers, has seen its policyholder count balloon from roughly 200,000 in 2020 to over 560,000 in 2025. Homeowners claim they were left with no real choice but to accept limited, high-cost FAIR Plan policies.

Take the case of families from Malibu and Altadena, where wildfires devastated homes earlier this year, and FAIR Plan payouts allegedly fell miles short of the real recovery costs. Homeowners like Michael Bidart, an attorney representing the plaintiffs, argue the system benefits insurers. “They reap high premiums while offloading wildfire risks,” he said.Family Emergency Organizer - Free from Live Insurance News

But the insurers’ side of the story tells a different tale. Industry representatives argue these lawsuits overlook California’s “outdated” regulations. Rex Frazier, president of the Personal Insurance Federation of California, claims rising construction costs and climate change require swift regulatory updates. Frazier also disputes any profit motive behind pushing homeowners to the FAIR Plan, pointing out that member insurers often absorb significant losses tied to the plan. Earlier this year, they were collectively hit with a $1 billion assessment to cover wildfire claims.

Meanwhile, consumers across the state are caught in the fallout, facing soaring premiums or, worse, losing coverage altogether. A FAIR Plan policy can cost two to three times more than traditional policies, leaving families stretched thin. Add in the emotional toll of rebuilding after disasters, and it’s clear this isn’t just a legal debate. For many homeowners, the stakes are quite literally the ability to stay in the homes they’ve worked so hard to create.

The lawsuits include major insurance companies such as State FarmFarmers InsuranceAllstateLiberty Mutual, and CSAA, among others. These companies are accused of colluding to push homeowners onto California’s FAIR Plan by reducing coverage and dropping policies in high-risk areas.

how much do you know

How Much Do You Really Know About Insurance Myths?

Think you can spot fact from fiction when it comes to wacky insurance myths? From realistic situations to out of this world coverage, this quiz will put your myth-busting skills to the test. Buckle up (yes, it’s insured) and see if you’re ready to conquer the world of absurd policies!

1 / 7

True or False: Red cars cost more to insure.

are red cars more to insure

2 / 7

Which of these incidents is NOT typically covered by comprehensive auto insurance?

driving underwater

3 / 7

Does renters insurance cover your roommate’s belongings?

roommates insurance

4 / 7

If someone else drives your car and gets into an accident, whose insurance pays first?

auto insurance myths

5 / 7

Does homeowners insurance cover damage caused by floods?

flood insurance

6 / 7

Do all drivers in a household need to be listed on an auto insurance policy?

drivers in home

7 / 7

What does Fantasy Football Insurance protect you against? And yes, there is such a thing.

fantasy football insurance

Your score is

The average score is 63%

0%

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.